Nicholas Gohdes and Paul Simshauser Renewable entry costs, project finance and the role of revenue quality in Australia’s National Electricity Market Gohdes, N. Simshauser, P. & Wilson, C. (2022), “Renewable entry costs, project finance and the role of credit quality in Australia’s National Electricity Market”, EPRG Working Paper 2204. Published: Energy Economics, 2022 Vol.114. https://doi.org/10.1016/j.eneco.2022.106312 Abstract | Non-Technical… Continue Reading
Category Archives: News
S. Littlechild latest submission to BEIS and Ofgem, January 2022
Stephen Littlechild’s latest submission “The importance of terminating the energy price cap” is his response to BEIS and Ofgem consultations on the retail energy market | PDF An outline of this submission was published in Energy Spectrum by Cornwall Insight on 24 January 2022. You can read it here Continue Reading
Comment “Reflections on Energy Market Design” by M. Pollitt
Comment “Reflections on Energy Market Design” by Michael Pollitt was published by CERRE on 12 January 2022. You can read the comment here Continue Reading
Journal Article “Climate change policy discontinuity & Australia’s 2016-2021 renewable investment supercycle”, Energy Policy, Vol 160, January 2022
Paul Simshauser and Joel Gilmore Climate change policy discontinuity & Australia’s 2016-2021 renewable investment supercycle Energy Policy, volume 160, January 2022 Based on EPRG WP2014 Continue Reading
Presentation “The value of flexibility: a cost benefit analysis of Merlin project” by K. Anaya
Karim Anaya gave a presentation “The value of flexibility: a cost benefit analysis of Merlin project“ at the 6th AIEE Energy Symposium on Energy Security on 15 December 2021 | PDF Continue Reading
EPRG Working Paper 2203
Ramit Debnath, Ronita Bardhan, Kamiar Mohaddes, Darshil U. Shah, Michael H. Ramage, R. Michael Alvarez People-centric Emission Reduction in Buildings: A Data-driven and Network Topology-based Investigation Abstract | Non-Technical Summary | Text Continue Reading
Journal Article “Climate Change and Fiscal Sustainability: Risks and Opportunities”, National Institute Economic Review, Vol 258, 30 December 2021
Matthew Agarwala, Matt Burke, Patrycja Klusak, Kamiar Mohaddes, Ulrich Volz and Dimitri Zenghelis Climate Change and Fiscal Sustainability: Risks and Opportunities National Institute Economic Review, volume 258, pages 28-46, 30 December 2021 Continue Reading
EPRG Working Paper 2202
Joel Gilmore, Tahlia Nolan and Paul Simshauser The Levelised Cost of Frequency Control Ancillary Services in Australia’s National Electricity Market Abstract | Non-Technical Summary | Text Continue Reading
Journal Article: “Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis”, Energy Economics, Vol 104, December 2021
Matthew E. Kahn, Kamiar Mohaddes, Ryan N.C. Ng, M. Hashem Pesaran, Mehdi Raissi, Jui-Chung Yang Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis Energy Economics, volume 104, article # 105624, pages 1-13, December 2021 This article is based on EPRG WP 1925 Continue Reading
EPRG Working Paper 2201
Karim L. Anaya, Monica Giulietti and Michael G. Pollitt Where next for the electricity distribution system operator? Evidence from a survey of European DSOs and National Regulatory Authorities Abstract | Non-Technical Summary | Text Continue Reading
2021 EPRG Virtual Winter Seminar
EPRG is pleased to announce our successful 2021 Virtual Winter Seminar. The event took place on 8 and 9 December 2021 and consisted of 4 sessions. The first day concluded with a keynote speech. PROGRAMME 8 DECEMBER 2021 SESSION 1 – Electricity market design Chair: Michael Pollitt (EPRG) David Newbery (EPRG) Designing efficient renewable electricity support… Continue Reading
EPRG Working Paper 2126
Victor Ajayi, Karim Anaya and Michael Pollitt Incentive regulation, productivity growth and environmental effects: the case of electricity networks in Great Britain Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2125
Paul Simshauser Rooftop solar PV and the peak load problem in the NEM’s Queensland region Abstract | Non-Technical Summary | Text Continue Reading
Journal Article: “Vertical integration, peaking plant commitments and the role of credit quality in energy-only markets”, Energy Economics, Vol 104, December 2021
Paul Simshauser Vertical integration, peaking plant commitments and the role of credit quality in energy-only markets Energy Economics, volume 104, December 2021 Published as EPRG WP#2008 Continue Reading
Journal Articles: Trilogy by S. Littlechild, Utilities Policy, Vol 73, December 2021
Utilities Policy, Volume 73, December 2021, contains a Special Issue on the Liittlechild Trilogy. These are three articles by Stephen Littlechild on the theme of Exploring customer satisfaction in the GB retail energy sector. The first two describe the use of the Trustpilot customer review site, particularly by GB energy suppliers, and the third calculates… Continue Reading
Article “Climate finance: it’ll be cheaper in the long run if poorer countries receive it as a matter of urgency” by K. Mohaddes et al
Kamiar Mohaddes, Matthew Agarwala, Matt Burke and Patrycja Klusak wrote an article “Climate finance: it’ll be cheaper in the long run if poorer countries receive it as a matter of urgency” that was published in The Conversation on 5 November 2021. In the article, the authors argue that: Climate change will shrink the economies of… Continue Reading
Presentation “Incentive-based regulation: An historical perspective and a suggestion for the future” by S. Littlechild
Stephen Littlechild gave a presentation “Incentive-based regulation: An historical perspective and a suggestion for the future” at the Florence School of Regulation Regulatory Policy Workshop Series 2021-2022 on 5 November 2021 | PDF Continue Reading
Report “Greenovate for a better environment and economy” by Z. Hasna and K.Mohaddes
Zeina Hasna, Henry-James Hatton and Kamiar Mohaddes wrote a report “Greenovate for a better environment and economy” for KPMG International in November 2021. Drawing on patent data from 92 patent-application authorities (24 million observations) and the last three decades for 43 OECD and BRICS countries (roughly 24 million observations), the report shows that green patent… Continue Reading
Journal Article: “The hydrogen economy: A pragmatic path forward”, Joule, Vol 5, October 2021
Niall Mac Dowell, Nixon Sunny, Nigel Brandon, Howard Herzog, Anthony Y. Ku, Wilfried Maas, Andrea Ramirez, David M. Reiner, Gaurav N. Sant, Nilay Shah The hydrogen economy: A pragmatic path forward Joule, volume 5, issue 10, pages 2524-2529, 20 October 2021 Continue Reading
Report “Data Centres and the Grid – Greening ICT in Europe” by M. Pollitt
Michael Pollitt co-authored a report “Data Centres and the Grid – Greening ICT in Europe” for CERRE that was published on 13 October 2021. You can read the report here This report was presented at CERRE webinar on 13 October 2021 Continue Reading
Article “How nuclear energy can help make all UK electricity green by 2035” by B. Nuttall
William (Bill) Nuttall, EPRG Associate Researcher, published an article “How nuclear energy can help make all UK electricity green by 2035” in The Conversation on 6 October 2021. You can read the article here Continue Reading
EPRG Working Paper 2124
Karim L. Anaya and Michael G. Pollitt An evaluation of a local reactive power market: the case of Power Potential Abstract | Non-Technical Summary | Text Continue Reading
Journal Article: “National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage”, Energy Policy, Vol 158, November 2021
David Newbery National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage Energy Policy, volume 158, article #112513, November 2021 Based on EPRG Working Paper 2020 Continue Reading
Journal Article: “The cost of uncoupling GB interconnectors”, Energy Policy, Vol 158, November 2021
Bowei Guo and David Newbery The cost of uncoupling GB interconnectors Energy Policy, Volume 158, article #112569, November 2021 Also published as EPRG WP#2102 Continue Reading
Journal Article ” The challenge of removing a mistaken price cap” by S. Littlechild
Stephen Littlechild wrote an article “The challenge of removing a mistaken price cap” that was published in Economic Affairs Journal in October 2021 issue. You can read a pre-proof copy of the article here and a link to the final published paper is here Continue Reading
EPRG Working Paper 2123
Victor Ajayi and Tom Weyman-Jones State-Level Electricity Generation Efficiency: Do Restructuring and Regulatory Institutions Matter in the US? Abstract | Non-Technical Summary | Text Continue Reading
Presentation “Energy Finance” by B. Megginson
Bill Megginson (Price Chair in Finance, George Lynn Cross Research Professor, University of Oklahoma) visited EPRG and the Economics & Policy Group at the Judge Business School on 16 September 2021 and gave a talk on “Energy Finance” You can watch a video of the talk here The slides are available from here Abstract Defined… Continue Reading
Presentation “Understanding Overlapping Climate Policies: Internal Carbon Leakage and the Punctured Waterbed” by R. Ritz
Robert Ritz presented on “Understanding Overlapping Climate Policies: Internal Carbon Leakage and the Punctured Waterbed” at the 2021 BIEE Research Conference: Energy for a Net Zero Society held at Worcester College, Oxford on 13-14 September 2021 | PDF Continue Reading
EPRG Working Paper 2122
Yang Liu, Zhigao Jiang and Bowei Guo Assessing China’s Provincial Electricity Spot Market Pilot Operations: Lessons from Guangdong Province Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2121
Paul Simshauser, Farhad Billimoria and Craig Rogers Optimising VRE plant capacity in Renewable Energy Zones Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2120
Michael Pollitt The further economic consequences of Brexit: energy Abstract | Non-Technical Summary | Text Continue Reading
P. Simshauser quoted in Nature Energy
Paul Simshauser was quoted in a News & Views article in Nature Energy that reported on his recent EPRG WP paper 2108 The article “Widening the safety net” was written by Sefa Awaworyi Churchill and Russell Smyth on 23 August 2021. You can read the article here Continue Reading
M. Pollitt and K. Anaya quoted in Energy Monitor
Michael Pollitt and Karim Anaya were quoted in the article “Why state control of the UK power system can help drive the energy transition” by Michael Goodier published in Energy Monitor on 17 August 2021. The full text of the article can be viewed here Continue Reading
Article “The Energy Price Cap Must End” by S. Littlechild
Stephen Littlechild published an article “The Energy Price Cap Must End” in Daily Telegraph on 6 August 2021. You can read the printed version of the article here. Continue Reading
Article “German-American Support for Ukraine After Nord Stream 2 Won’t Be Enough” by P. Noel and C. K. Chyong
Pierre Noel and Chi Kong Chyong published an article “German-American Support for Ukraine After Nord Stream 2 Won’t Be Enough” in The National Interest magazine on 2 August 2021. You can read the article here “ Continue Reading
Policy Brief “Reforming Renewable Electricity Support Schemes” by D. Newbery
David Newbery published a Policy Brief “Reforming Renewable Electricity Support Schemes” on 2 August 2021. The full text of the brief can be viewed here Continue Reading
Report “Renewables Integration in India”, R. Debnath
IEA published a report “Renewables Integration in India” in July 2021. Ramit Debnath, EPRG PhD student, was one of the main contributors to some parts of this report. You can download and read this report here Continue Reading
Presentation “Overlapping Climate Policies” by R. Ritz
Robert Ritz presented on “Overlapping Climate Policies” at the NBER Summer Institute 2021 Energy & Environmental Economics Workshop, 26-27 July 2021 | PDF Continue Reading
Report “Empowering Cities for a Net Zero Future”, R. Debnath
IEA published a report “Empowering Cities for a Net Zero Future” in July 2021. Ramit Debnath, EPRG PhD student, was one of the main contributors to some parts of this report. You can download and read this report here. Continue Reading
Podcast on EU Emission Trading System with M. Pollitt
Michael Pollitt recorded a podcast on EU Emission Trading System organized by Centre on Regulation in Europe (CERRE) and hosted by CERRE’s Head of Energy & Sustainability, Albéric Mongrenier. You can listen to the podcast here Continue Reading
EPRG Working Paper 2119
Michael G. Pollitt and Geoffroy G. Dolphin Should the EU ETS be extended to road transport and heating fuels? Abstract | Non-Technical Summary | Text Continue Reading
Presentation “Overlapping Climate Policies” by R. Ritz
Robert Ritz presented on “Overlapping Climate Policies” at the Mannheim Conference on Energy and the Environment on 20-21 May 2021 and at the Annual Conference of the European Association of Environmental and Resource Economists (EAERE) on 23-25 June 2021 | PDF Continue Reading
EPRG Working Paper 2118
Stephen Littlechild and Lynne Kiesling Hayek and the Texas blackout Abstract | Non-Technical Summary | Text Continue Reading
Michael Grubb and Karsten Neuhoff – recipients of Marcel Boiteux International Award
EPRG is delighted to announce that Michael Grubb and Karsten Neuhoff (EPRG Associate Researchers) won 2021 IAEE Marcel Boiteux Best International Energy Economics Book Award for their book Planetary Economics. Energy, Climate Change and the Three Domains of Sustainable Development (with Jean-Charles Hourcade). Congratulations to Michael and Karsten! Continue Reading
Presentation “Some issues in the UK retail energy market” by S. Littlechild
Stephen Littlechild gave a presentation “Some issues in the UK retail energy market” on 2 June 2021. Stephen discussed the impacts of the tariff cap, including some developments in supplier pricing policies. He put some arguments for removing the cap, facilitated by a transition away from it, and discussed developments in the Overall Customer Satisfaction… Continue Reading
Panel Discussion “A Global Economic System in Turmoil: What is at Stake for the MENA region?” with K. Mohaddes
Kamiar Mohaddes participated in a panel discussion “A Global Economic System in Turmoil: What is at Stake for the MENA region?“, on 17 May 2021 that was part of the plenary session of the ERF 27th Annual Conference. Together with Mahmoud Mohieldin (Executive Director, International Monetary Fund), Hala Elsaid (Minister of Planning and Economic Development,… Continue Reading
EPRG Working Paper 2117
Natalia Fabra and Imelda Market Power and Price Exposure: Learning from Changes in Renewables Regulation Abstract | Non-Technical Summary | Text Continue Reading
Podcast on Hydrogen Economy with W. Nuttall
William Nuttall, EPRG Associate Researcher, recorded a podcast on the Hydrogen Economy as part of Startupification.fm series “How technology is changing the world around us” organised by Steven Drost and Matt Farrugia. You can listen to this episode here Continue Reading
EPRG Working Paper 2116
Robert A. Ritz Global carbon price asymmetry Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2115
Chi Kong Chyong, David M Reiner and Dhruvak Aggarwal Market power and long-term gas contracts: the case of Gazprom in Central and Eastern European Gas Markets Abstract | Non-Technical Summary | Text Also Published in The Energy Journal, Volume 44, Number 1, 2022 Continue Reading